401 W Palm Dr

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401 W Palm Dr

Homestead, FL 33034
Asking Price
$1.90M
Asset Type
Retail
Class
Class B

What's Special

401 W Palm Drive is situated in the central business district of Homestead, Florida, positioned near the intersection of North Krome Avenue. The surrounding neighborhood is characterized by a mix of historic architecture and established commercial storefronts. Local amenities include the Homestead City Hall, Losner Park, and the Seminole Theatre, all located within walking distance. The property benefits from its proximity to U.S. Route 1 and the Florida Turnpike, providing regional connectivity to the Greater Miami area and the Florida Keys. The asset is suitable for a variety of retail applications, including boutique storefronts, neighborhood service providers, or specialty food and beverage operators. Given the pedestrian-oriented nature of the downtown corridor, typical tenants include local small businesses, professional offices requiring a retail presence, or urban retail brands. These users benefit from the steady foot traffic generated by nearby public institutions and the ongoing revitalization efforts within the Homestead historic district.

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NOI
$80,000
Cap Rate
4.21%
DSCR
0.71
Underwater
Cash-on-Cash
-5.75%
Monthly Payment
$9,400.163
Annual Cash Flow
$-32,801.96

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